2013-02-01
2013-02-09
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direction to help make life work for families. another step we can take is on taxes. there's a lot of talk about taxes in washington right now. for most families, tax preparation is hard and it is time-consuming. this time of year especially. think about it, think what they're going through. what tax from are you supposed to fill out, is a more beneficial to file jointly or as a married couple or separately? is a truck or gas mileage deductible or are you forgetting something that the irs gives credit for? in 1935, the form 1040 was a concrete but a to instruction booklet. today, taxpayers have got to wade through over 100 total pages of instructions. just filling out at w-4 at a new job is confusing. you really shouldn't need a worksheet to see how many dependents you have. chairman dave camp and his committee are already underway in their effort to responsibly rewrite the nation's tax law. as in education policy, health care and all else, tax reform should reflect the priority of working families, and the future their time to shape for the kids. if nothing else, we must stop putting spec

in the social security payroll tax, the increase in tax rates on income above certain thresholds and the cuts in federal spending scheduled to take effect next month will mean reduced spending by both consumers and the government. we project inflation adjusted g.d.p. will increase about 1.5% in 2013. but it will increase roughly 1.5% fast if not for the fiscal tightening. after the economy adjusts to that fiscal restraint, we expect the growth in real g.d.p. will pick up to about 3.5% per year in 2014 and the following few years. but the gap between the nation's g.d.p. and what it is capable of producing on a sustainable basis, what we call potential g.d.p., will not close quickly at that rate of growth. under current law, we expect output to remain below its potential level until 2017. almost a decade after the recession started in december of 2007. by our estimates, g.d.p. was more than 5% below its potential level in the fourth quarter of last year. a gap that is only modestly smaller than the gap that existed three years ago. because growth in output since then has been only slightly fast

's that revenue is absolutely not an option. >> this quest to continually to raise taxes is not going anywhere. we've already done that. >> americans do not support sacrificing real spending cuts for more tax hikes. >> this is the wrong time for sequestration to take place. we should be able to sit down together and resolve this without again asking the american people to have their taxes increased. >> i want to bring in roll call cheryl and washington bureau chief ryan grim. good morning. >> good morning. >> the president says let's replace this with taxes and alternate cuts. republicans say cuts but no taxes. is it clear, ryan, who has the upper hand here? >> it's not entirely clear. republicans certainly feel like they have the upper hand here, much more so than the fiscal cliff. around the fiscal cliff, if nothing happened, taxes went up and democrats had a clear advantage. this time if nothing happens, spending cuts go into effects so republicans sort of think they have an advantage. but what is getting cut? the pentagon is taking the brunt of these cuts. certainly the commander in chief does

. this business about raising taxes, it's not catching on. i just don't hear it from down there. >> the house republicans aren't feeling the president to raise taxes. it's a complicated argument to help, that's why it's really not catching fire. a lot of defense industry lobbyists are giving republicans heat, they don't feel heat from the constituents because the constituents they think want to see real spending cuts. americans want spending cuts, they don't want political gains. >> i really do. i think when you look at the poll, americans still want smaller government and fewer services, aka spending cuts. i think this is the white house's big mistake, they're barking up the wrong tree. the only question i have, it is after all republicans, will they hang tough? in your opinion, you're closer to it, will they hang tough? >> i spent all day on capitol hill talking to house republicans privately saying what's going to happen between now and march 1st? they say the house leader has promised them privately they're not going to replace the sequester unless there are real cuts to replace the seque

? you have the jobless rate picking up, economic growth slowing down and the federal income tax turning 100 this sunday. fears are growing it's only heading higher. swatch out on the price of good friday. it's 14,000. >> let's celebrate. we're rich, we're rich again, part two. here's what i think about the income tax. remember those coffee mugs, life begins at 40? how about for the income tax life begins at 100. let's actually fix this thing, make it a little more favorable for businesses, for income, for individual income earners. i mean, that would be a lot better than at least leaving it at this rate. >> some say we've had it for 100 years. maybe we should keep it for the next 100. >> here's the thing. i'll tell you. it's been a rough 100 years with regards to income tax because there's been a lot of wrangle ling. if you just look at the numbers, we rely on the top 10% of taxpayers, jenna, as a country more than any other developed nation in the world. we know we have the highest corporate tax rates. >> you just don't want to pay your taxes. >> hello, irs, i don't want to pay my taxe

body was buried there. >>steve: straight head, he vowed not to raise taxes and his state is thriving. now louisiana governor jindal says he wants to share his tips with our present. brian's exclusive interview with that man interview with that man next. [ woman ] ring. ring. progresso. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. fox our financial advice is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] [ male announcer ] life brings obstacles. usaa brings retirement advice. call or visit us online. we're ready to help. learn more with our free usaa retirement guide. call 877-242-usaa. it's not what you think. it's a phoenix with 4 wheels. it's a hawk with night vision goggles. it's marching to the beat of a different drum. and where beauty meets bra

." -- please tax me more." we have gotten so desperate in this area that we are talking about, perhaps because we cannot make a policy decision on this and have not since the early 1990's on the federal level, maybe we need to go to indexing of the fuel tax. >> you are talking like infrastructure, not to pay for subsidies, right? >> what we need is more infrastructure, and that is a public good, and it needs to be paid for, and generally with tax revenues. i do not think anybody is faulting that. i think it is sold that we need higher fuel tax, and we can use that either to reduce the deficit or to pay for something else. it was designed -- or intended -- whether it has done so successfully or not, it was done to pay for infrastructure. >> absolutely. we are not real happy about that. >> john, what are you hoping for next week? >> for some reason, i have not been consulted on that. the president in the campaign said he was 4 and all of the above energy policy, so let's have some announcements that support that -- he was for an " all of the above" energy policy. let's move forward with the thin

to be exact, rejecting or ignoring many proposals, including a plan to lower tax rates in order to broaden the overall tax base. the council's last official meeting one and one year ago. unemployment has dropped from more than 9 percent of the council's inception to the current rate of 78%, but more than 23 million americans remain of work or are stuck in part-time jobs , wanted full-time work for. meantime, we learned initial jobless claims rose to 360,000 last week, an unexpected jump of over 38,000 from the prior week's four year low. the obama economy seems stuck in neutral. recoveries fragile. yesterday the drop in gdp. tomorrow's january unemployment report expected to remain. critics said the president has not remained lazar focused on creating jobs, and the dissolution of the jobs council is just the latest example of that. fox news senior white house correspondent with our report. >> more than one year after his last meeting with the group, president obama is now eviewing the charter for is jobs council. the unemployment rate is falling a little more than a percentage point as the

will see you then. >>> a nickel for your thoughts or your grocery bag. so how is that tax working in montgomery county anyway? find out. >> wind is howling, wind chills very low, three chances of snow the next three days. no advisory, but if you're headed out, hat, gloves. 26 mile-per-hour wind gusts downtown and a 29 mile-per-hour wind gusts and we'll talk about why tomorrow is a yellow alert. >> up next a contraception compromise, what the >>> a compromise on contraception from the obama administration today. the department of health and human services announced it will let certain nonprofits like hospitals and schools say no, but they have to have insurance companies comply. >>> if women are in, we're out. that's the threat from 17% of marines surveyed last summer. it jumped to 22% for women assigned involuntarily to the jobs. the men said if women are allowed to serve in combat, they would likely leave. those numbers were given to leon panetta before he made the decision to allow women into combat last week. >>> montgomery county's bag tax isn't having the results officials ho

called the great communicator it was historic tax reform. for obama, real steps toward gun safety. and the hegel hearing reminded some of the first debate. and finally, super bowl sunday. i've got some new rules. i'm -- i'm chris matthews. welcome to the show. with us today, howard fineman, the bbc's katrina, annie lowrey and michael duffy. first up, barack obama sees a path to history on guns and immigration at this point two weeks into his second term. this is when he's strongest and he's taking his case to the country over the heads of washington. in reagan's second term when he wanted to chalk up sweeping tax reform, look how he did it. >> the lack of enthusiasm for tax action in correct me if i'm wrong -- congress hasn't dampened this presidential road show. from hot and sunny florida he travels next week into new england, believing this grass-roots effort will make the difference in congress the >> the first weeks of his second term had the feel of a campaign event. chris: michael, this is interesting, the old go over the heads of the people. but these are really two tough i

linda has a comment on the end of the payroll. this is not an increase in taxes. people and employers have had a 2% break-in social security taxes for the last two years. this at a time when social security fund could not afford it. a financial gift to the already employed at the expense of social security. technically right, but in your bed you hated it. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. and you know what, two years in the making almost. the man behind the disasters solyndra alone is stepping down. energy secretary steven chu offering his resignation today. he was highly criticized for its handling of the $528 million loan to the solar panel maker, which later went bankrupt. despite the blunder he is leaving with obama's support and his pride intact. he said, came with streams and leaving with a set of accomplishments that we should all be proud of. not all of his dreams came true. back in 2008 he famously said we as a nation needed to boost gas prices to levels -- levels seen in europe. although he eventually walked back those comments,

's new regulations or his tax increases and therefore it is all the more difficult for them to expand their businesses and create jobs in america. to add to the uncertainty, the president's proposed sequestration is set to take effect this march. despite his promise, his promise to the american people that it would never actually happen, the president has yet to take any steps to undo this harmful measure. he has shown absolute indifference to the millions of americans whose livelihoods will be severely impacted by his sequestration. house republicans have twice passed legislation to replace the president's sequester with commonsense reforms that will reduce spending, preserve and strengthen our safety net for generations and preserve our national defense. this week the house will pass a budget but it will be a responsible budget that will balance. one that will aim to grow the economy, drive down unemployment, expand opportunity and prosperity for the private sector and ensure that america maintains its leading role in the world as a strong national defender. americans can do this. w

in it, we don't tax you think about it. it is as if because we know it was awful, we can somehow pretended was not part of american culture. >> and early 20th century -- eugenics, in early 20th century. >> "washington journal" continues. michael're back with burgess, a republican and vice chairman of the energy and commerce subcommittee. thanks for talking to our viewers. guest: thanks for having me. host: republicans are saying to avoid the automatic spending cuts, we need entitlement reform on the table. president obama said yesterday if we cannot agree to something long-term like entitlement reform, let's do something short-term. do you agree? guest: no. president obama should be talking about the next sequester, because this one is happening. it was postponed to march 1 on the first and january. this is a promise that we made, the congress and the president made to the american people in order to get our fiscal house in order if we could not come up with the cuts, the savings to do that, these cuts would be automatic. host: you are ok with them? guest: i don't like it. the re

wanted to chalk up sweeping tax reform, look how he did it. >> the lack of enthusiasm for tax action in correct me if i'm wrong -- congress hasn't dampened this presidential road show. from hot and sunny florida he travels next week into new england, believing this grass-roots effort will make the difference in congress the >> the first weeks of his second term had the feel of a campaign event. chris: michael, this is interesting, the old go over the heads of the people. but these are really two tough issues. it's not like fixing the tax code, which changes all the time. you go after immigration, pathways to citizenship, and then the real issue of voting for gun control, which would -- could change your political career. >> this is the overture of a year-long process. they all degree on the broad couldn'tures but -- contours but when the rubber meeds -- meets the road, the issues like how many people can you actually bring? how many years to pay back your taxes? how big will the fines be? chris: and, howard, when are you going to shut down the border? and how long before repub

's paycheck went down as taxes went up. that will take $200 billion out of the economy. now you have got gas prices spiking. that's going to take even more money out of the economy just as the economy starts to slow down and contract. the timing as you said could not be worse. gregg: you are such a kill joy on a monday morning. stu varney. martha: so this spike at the pump appears to be no fluke but a part of an ongoing trend. gas prices have gone up for 18 consecutive days. 18 states have gas prices higher than the national average. they are feeling the pain of that more than the rest of the states. we are just getting started on this monday morning. gregg: ahead. a deadly chain reaction crash involving a tour bus. details on what investigators think went wrong in a live report. martha: president obama in his super bowl interview. he dropped a bit of news. he is pushing once again for increased revenues. there is only one way to get those these days when you have got an economy that's not growing. former president wash adviser karl rove is here with us next. gregg: a little boy in alabama s

real spenged cuts for more tax hikes. the president's sequester should be replaced with spending cuts and reforms that put us on a path to balance a budget over the next 10 years. the american people believe that the tax question has been settled. they know the president called for a balanced approach to the debt. combination of revenues and spending cuts, and they know he's gotten his revenue. the american people do not believe the president will use further tax revenues to lower the debt. and haven't seen this president attempt to spend his way into prosperity over the last four years, they know he'll spend it. the president doesn't believe we have a spending problem. he general winly believes the government -- genuinely believes the government spending causes economic growth. if that were true, the economy today would be thriving. it isn't thriving. the unemployment rate is still nearly 8% and rising. small businesses like the one i ran are struggling. middle class families, those lucky enough to have a job, are living paycheck to paycheck. and president obama just insisted on rais

. it comes as pressure has been on him because of questions about tax assessments and transparency. mayor gray said today, i'm sorry to see him go. >> he joined the district government when it was struggling. following a federal controlled board, gandi helped build the city's financial reputation. even boasting about it earlier this week at a press conference. >> in the mid 90s to triple-a. this is truly a financial renaissance. >> in a letter to mayor gray, he said, quote, i feel comfortable retiring at this time because the city is in excellent financial condition. perhaps the best in its history. >> he has done a great job as our chief financial officer and he made hard work look easy. >> he has also been cfo during dark days. most memorable in 2007, when tax office manager, harriette walters, was discovered ripping off taxpayers. $48million over many years. more recently, there have been questions about a lottery contract, changes to tax assessments, and transparency when it comes to the city's finances. >> there's no question that he and i have had differences of opinion. >> c

asks for, if we give him every tax increase he asks for, if we do absolutely everything that the budget he's required by law to submit requests, we will begin to pay down the first penny of debt never. in fact, if we do absolutely everything that the budget he's required by law to submit to us asks, the debt will continue to grow forever. i agree with so much my friends on other side are saying about the sequester, about the fiscal cliff. that's why we acted in may on this body, that's why we passed another sequester replacement in august, that's why we passed another one in december. i agree. but can't we also agree that if you're going to be commander in chief of america, if you're going to be the president of the united states, if you're going to uphold and defend the constitution, and we have our former joint chiefs of staff chairmen telling us that our greatest national security threat is our growing debt, shouldn't it be fair to ask the president to tell us when, if ever, he plans to begin paying back the first penny? mr. speaker, it's not a stupid piece of legislation that we're

all of our revenue from the sale of postage. we take no tax dollars. we do not want tax dollars. >> zero. zero tax dollars. in other words, you're not getting shafted. now let's just make sure that we're all clear on this issue. the post office receives, again, as i said, zero tax dollars for operations. it's run as an independent agency. postal employees are civil servants. it's the only institution in america that has been forced to prefund for 75 years a pension plan in a ten-year window. it would have a $1.5 billion surplus in 2012 without this pension requirement. do we get that, folks? this is government intervention by the republicans before they handed the gavel to nancy pelosi. and this is what they stuck the workers with. they want to destroy the post office because they want to privatize everything. today i guess you can say is chapter one, where is the banner, mission accomplished for the republican destruction of the middle class in this country. now, congressman darrell issa, who he just loves the news. he called it common sense-sense reform. of course it's common

? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> it hasn't sunk in yet. crazy. unbelievable. tough to put into words because it just really hasn't sunk in yet. i don't even think it's sunk in that we're here, let alone won the thing, so pretty cool. >> the way that game played out when it was 28-6 and the lights went out and whatever happened, i just knew with jim harbaugh being on the other sideline and all those years that we've been together, that that game was going to be a dogfight right to the end. that those guys were coming back. >> i just try to let my teammates at this moment know what we feel like. and last night when i had the conversation with them, you know, that just came directly from my heart to tell them what this feeling would feel like and what god has showed me and for us

. we take no tax dollars. we don't have the ability to reduce costs in a way a private business would. and we are at the end of our borrowing authority. to give some perspective of our liquid situation, a typical large organization would either have cash on hand or quick borrowing ability. in october, the postal service had less than four days of cash on hand. that's a very scary situation and no situation that a business should be in. and this is why we have taken aggressive steps to reduce our costs and why we have been so vocal about seeking postal reform legislation. we faced a major hurdle to return to profitability and long-term stability. we need to generate $20 billion in cost reductions and revenue increases to close the budget gap and be able to repay our debt, both close the gap and repay the debt. and this is why the board of governors has directed us to take every necessary step to reduce costs and conserve cash necessary to continue our operations. it's what we have been doing consistently over the last couple of years. and we will be accelerating those efforts moving fo

is determined to do. >> one of my constituents has learned that when the bedroom tax is introduced she will have 24 pounds a week to live on. she is so anxious about how she's going to manage. she is having cognitive behavior therapy. but her anxiety is totally understandable. does the prime minister agree with me that those who should be receiving the cognitive behavior therapy are the ones, namely his ministers, who think she could live on 24 pounds? >> i think the party opposite does have to address the fact that for 13 years in government they were perfectly content to have a housing benefit system for people who lived in private sector housing where there was no extra benefit for empty rooms. and i cannot understand why they count it unfair to have one rule for people who have the benefit of socializing with logan and another one for people in private sector accommodation. week after week the labour mps and the labour leader comes here of posing this benefit change, that benefit change, and everything we do to deal with the mess that they left. and then tell they can learn that they have to

of the things that mitt romney talked about. he said there's some low-hanging fruit. there are a lot of tax loopholes that should be closed. i agree with him. we haven't done that. >> like which ones? >> well, oil subsidies. we have issues dealing with shipping jobs overseas. why don't we do some -- fill some of these -- >> i think if my numbers are correct, you do the oil and gas subsidy, i think that might save you something like 25 billion over ten years. >> no, it's more than that, george. but let's assume because the debt ceiling doesn't kick in till august, i believe that's what we'll have, but let's add these together. let's say you're right, 30 billion. but let's -- jobs overseas, we can dial that however we want because it's all -- a huge loss of revenue, corporate jets, tehre are all kind of things that are low-hanging fruit. >> you've heard the republicans across the board here. they're saying they're done with revenues for 2013. >> george, the american people are on our side. the american people don't believe in these austere things. we believe that the rich should contribute. w

to a long-term unified approach to our debt and deficit. the tenants of that of course deal with the tax expenditures that we deal with that and the health care costs that are going up. the chair: the gentleman's time has expired. mr. schrader: with that i reserve the balance of my time. the chair: the gentleman from georgia is recognized. mr. price: i claim time in opposition. the chair: the gentleman is recognized. mr. price: thanks, madam chair. i want to commend my colleague from oregon and colleagues that came together to submit this amendment as i believe it truly to be well-intentioned but i think it misses the mark. i think for two reasons specifically that it ought not be adopted by this body. first, it unnecessarily restricts the ability of the president to determine how he would balance the budget. remember, the underlying bill doesn't tie the president's hands in any way. it simply says to the president, when you submit your budget to congress, just let us know when it's going to balance. it's not going to balance within the period of time that's defined by the budget window,

remain with future tax with american interests. fox news correspondent with our report. >> based on time, ed distance. >> the redneck gets in on negative gone there in time. >> it takes hours to be able to respond. >> defense secretary panetta and chief dempsey said by the military could not do more to save the lives of about sitter christie's -- chris stevens and benghazi wants whatever 11th. >> in a the state's military is not and frankly not should be and then on one service capable of arriving on the scene within minutes to every possible contingency around the world >> republican senators were not satisfied. >> did you know, how long the attack would last? >> no idea is to make it last two days and never airplanes in the world before it was concluded? >> no senator. >> your responses are very inadequate and the same inadequacy for the security that you provided at the consulate. >> what did the president know and what he knew it. >> he did not asking about visibility what we could do? did you have further communications that night? >> no. >> did he call you that night to ask our th

the effects of obamacare including the medical device tax that is cutting r&d and causing layoffs across the country in the most innovative firms, the fact that so many people who were intending to no longer going into medicine, thank you, brain drain, a consequence of obamacare, and doctor who were individual practicers are either bailing and retiring all together or going into concierge care. have you heard that term? do you know the people that are shutting down their practices, dropping insurance all together where now only the wealthiest can pay for care. congratulations obamacare. heck of a job. >> stephanie: so we tried to impact that little rice ball of nonsense yesterday. and i got a letter i sent to you. dede rights malkin is right. hey, steph the hospitals systems have brought up the big doctor practices. smaller doctors were not brought into their systems. medicare pays three times the amount that they pay a single doctor. i'm related to a physician. there is going to be a shortage of doctors. i'm very concerned -- blah blah blah. what are your thoughts on

in this country and jobs but it increases revenue because, you know, think about it. more people paying taxes. you know, that's just good stuff when people are paying taxes. folks are getting educated in america. they are serving in our armed services. they are making our country better and brighter and safer blah, blah, blah, blah, blah blah. why do we need immigration reform? why? it's so important and we will take calls on that too. give us a call on that. taking calls on chuck hagle. twitter is abuzz about chuck. what do you think about this whole immigration stuff? >> it's time to get it done because republicans have finally, gotten on board. i think it's a shame, the time that they deem it's time to get it done. the time to really do it was five years ago. i mean a long time ago. but it's pretty from the parent that republicans realize they have got to get on board because they got their asses handed to them in the last election. the fact that now everybody wants to come to the table and participate, i think it's sad, and i think that it's worth pointin

is there that he put spending cuts on the table. he asked them for them to be paired with tax increases as well. there is more good will than people realize. more agreement that we have such a big budget problem that will we're going to fire on all cylinders. we have to cut spending. frankly, we have raise more revenue. >> you're listening to the california program and our speakers are economic experts. we are discussing national, regional, and global economic challenges. you can find video online. there's a series of questions around employment and job growth. what what is your outlook on job growth? >> i will start. i think -- i will say i was here last year and i'm more optimistic this year than last year. we made a significant amount of progress. it looks like housing prices have started to turn the corner. if you look at household balance sheets we see that consumers have paid down that debt that weighed on them. i think there are reasons to be optimistic. i am fairly optimistic. i think we still have things weighing on us. i think the concern about, are we going to shoot ourselves in the

for about eight months now. but it to best way to a budget -- a balanced budget would be reinstating the tax on wall street transactions. there are quadrillions of dollars in turnover and a 1% tax would generate trillions of dollars in revenue. host: talk about your retirement strategy a little bit. host: there is not -- caller: there is none. that is the point. average people are in the same kind of predicament, not knowing what -- what do they call it? they want to have stability and predictability. where is it? host: when it comes to yourself, have you put anything away? caller: ipad, but it is all gone now. i would like to see a national infrastructure project. we could put people to work. host: steve from twitter -- host: next we're going to charlie. mississippi, independent line. caller: good morning. i am from jackson, where the capital is. i retired in 2009. it is a good thing. i was a civil servant. now in the state house there is legislation where some young republicans want to phase out our state retirement program for civil servants. house bill 486 allows people to just elect, if

their families and contributing to it is always the question of raising taxes. they pay taxes but you can check with the social security department. there is a large fund that goes i counted four. they don't know who to attribute the money to because people have contributed to i think we need to do comprehensive immigration reform so when they pay taxes it goes into the right account and it helps to fund and fuel our economy. i want the mayor and the state and the federal government to garner those tax dollars and not to be in the pockets of some unscrupulous employer that isn't taxing them but not sending them money. plus given the 1986 legislation, we all know that there was an increase in the urning devotee of the undocumented. everybody keeps talking about innovation. let me give you a little innovation. whiteaker that the uncertainty of the market and what we do at the congress. the uncertainty about what we do and what that causes for the financial market . i just want everybody to think for one moment. what do you think about the uncertainty in the life of 11 million undocumented workers

taxes could put you at risk. >>> and the history lesson for singer alicia keys from legendary poe et maya angelou. almost tastes like one of jack's cereals. fiber one. uh, forgot jack's cereal. [ jack ] what's for breakfast? um... try the number one! yeah, this is pretty good. [ male announcer ] over a third of a day's fiber. fiber one. ♪ shimmy, shimmy chocolate. ♪ shimmy, shimmy chocolate. ♪ we, we chocolate cross over. ♪ yeah, we chocolate cross over. ♪ [ male announcer ] introducing fiber one 80 calorie chocolate cereal. ♪ chocolate. >>> good morning. welcome to news 4 today. i'm angie goff. >> and i'm richard jordan. time now to check on our forecast. >> we've heard from punxsutawney phil, potomac phil, but what about nebraska avenue chuck? >> well, i can tell you one thing, we have a little sunshine out here. i'm going to ask our director to do the million-dollar shot pan down to the shadow we go. can you see nebraska chuck's shadow on the sidewalk? move around, let's see. yes, you can. it's there's. just a hint of a shadow on the storm team 4 weather deck this morn

nervously. >> we have massive deficits, a big tax increase that no apparent willingness to get government off people's backs by reducing government spending, and all of that is a heavy, heavy weight on the private sector. firms around the nation are sitting on cash instead of creating jobs. >> reporter: on wednesday the commerce department announced economic growth actually fell to a-10% the last three months of last year, the chairman of the president's council of economic advisers says other indicators remain positive. >> consumer spending increased. business investment. residential construction. >> reporter: the jobs report showed a larger number of people dropped out of the labour force than down jobs. a former administration economist says some of that is to be expected. >> the population is aging, so we expect to have a fir number of people retiring every month for the next ten years or more as the baby boomers retire. >> reporter: the conference board reports a sharp increase in the number of older workers considering delaying retirement, which could make it more difficult for youn

recall holler at the pentagon or increase taxes, i would assume the latter to make sure that we didn't lose our capability to maintain our super power status. as conservatives celebrate what would have been ronald reagan's 102nd birthday, a reminder that even the beginner raised taxes 11 times during his presidency in compromise with democrats. given that, finding common ground both inside and outside the party might not be such a bad look. john meacham, i will give you the first question. welcome to the program. we're so happy to have you here. >> thank you. >> is this rebranding effort going to work for the republican party? >> it might because it depends himself on what it is rebranding itself against as events unfold. so president obama has about 12 months here. >> don't you think in terms of who they are rebranding against, the competition, if you will, if we're talking marketplace term, the democrats thus far, for the most part the democrats kind of have it together in a way they historically have not. >> well, sort of. i mean, we still don't have a budget. we don't have a gran

to get at the end of the line and have a criminal background check, learn english, pay back your tax. but it can't be unattainable. it can't be so long that it's unattainable. >> well, mayor, senator rubio is proposing a path that i actually think creates a new class system of workers in this country. rubio's plan would let businesses hire lower skilled undocumented workers if americans can't fill the job openings. that's very conditional in my opinion. it's a loophole in the immigration law. it means lower skilled immigrants get a different kind of status. do you agree this plan? is this the correct path to take? >> well, as i said, i believe that there needs to be a path to earn legalization, to earn citizenship for the 11 million people who are here. >> regardless of their skills, correct? >> right. we don't want to divide the parents from the kids. we don't want to deport the parents and leave the kids here. remember, those 11 million undocumented have 5 million citizen children and a couple million dreamers. so i think that there is momentum in the senate and increasingly in the

and taxes. here is chief white house core responsibility ed henry. >> a feisty president obama was back in campaign mode. >> it will meaner people who have disabled kids suddenly having less help. >> slamming republicans and declaring he is ready to hit the road to sell the public on spending cuts and more tax hikes. >> is that an argument they want to have. that is an argument i'm more than willing to engage in. >> reporter: a new poll shows the public sharply disagrees with his claim that the federal government does not have a spending problem. 83% says it does have a problem and 14% say no. >> the american people will not accept another tax increase to put up a spending cut that the two parties have agreed to. >> reporter: nation security may be hanging in the balance. with the defense secretary leon panetta warring about the deep cuts coming on march 1st. >> this is will bad but damage national defense and compromise our ability to respond to crisis in a dangerous world. >> those cuts could mean a one month furlough for up to 800,000 civilian defense employees and he mocked leaders

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they are also a little bit pessimistic when. asked if tax less go up on middle class americans this year, 68% said they think, yes, that taxes are going to go up. if that is the case, i mean economic activity can't be helped by that, is it, joe? >> well, no, but they are right, jon. i mean when you look at it the payroll tax that was pulled off as a way to give people a little bit more money in their pocketbooks, to buy things, and to get the kids to school, and put gas in the car, that came off. so the payroll tax is back on, and that affects everybody. i know we talked a lot during the tax issues about the upper 2%, but average americans are going to be hit by putting some of the tax breaks back on -- i mean taking them off that were on, that has happened. people are already going to start feeling that one. so i think that poll sort of reflects reality. jon: kind of interesting too, he defeated hillary clinton in the race for the nomination, four or five years ago and these days according to the polls she is more popular than the president is. does that surprise you, joe? >> no. i think, l

of companies paid out dividends in anticipation of tax law changes. also, some companies paid out special bonuses. that did lead to an unusually strong number for december. but, you know, in general, it was a temporary kind of thing. we would not expect those things. host: how did the year look? guest: overall, we had an increase of 3.5% for the year .12. -- 2012. that is a good increase. it is a little below the long- term trends. host: when is a personal income, is that take-home pay or are there several factors associated? guest: there are a number of factors involved. within personal income, we have wages and salaries which account for more than half of the total. we also have small business income, things like rental income and also investment income in terms of interest and dividends and so forth. there is transfer income, social security and unemployment and so forth. there is a variety of types of income. it is an all-encompassing. host: a boost as far as money is concerned. what does that say overall, not only from how people personally did but how does it into the economy? guest

, or a suggestion that we need to impose a carbon tax, because that is designed to increase the costs. in my state of alaska, in a community like [indiscernible] a you come community on the river, they pay $6.90 for their diesel. that is how they heat their homes. when you suggest to them that the best thing to do is increase the price to decrease consumption, i do not know what the temperature is there this morning, but last week in the interior temperatures range between 45 degrees below zero and 50 degrees below zero. i cannot go back to alaska and tell people that the way that we tackle this is to increase your prices, demanding you to use less and limit your choices. that is not what a strong nation does. what a strong nation does is figure out how we advanced to the next stage, how we build out these clean technologies and diverse technologies that will allow us to do your choices. more and do it in a clean and environmentally responsible way. raising our energy costs, imposing the mandates, other heavy handed ideas but are out there for reducing greenhouse gas emissions, they will not pass.

is not the issue, it is chuck hagel. his problem is not some tax, it is knowledge, elementary knowledge. he spoke about the government of iran as illegitimate the elected government. we know that the rolutn of 2009 was part byhe ft tha it was a rigged election, an illegitimate economy. the clip i wanted you to show was the one in which he said, he was asked about the policy of containment. it was not a bad during issue. he says, yes, i support the administration's policy of containment. he then gets a note that says, i have been told that i made a mistake. of course i am not in support of that. a policy of this administration on containment is that it does t have a policy of containment. at whi poi democratic senator levin had to rescue him and said, in fact, the administration has a policy of containment, and it is to oppose it. he was clueless. >> colby? >> he was in the position where he had to dodge a little bit. let's go back to the exchange with senator mccain on the surge. the issue was never the surge when you talk about iraq. the issue, as senator nelson from florida said, going into ira

. taxes are going up which some people rightly see as an infringement upon their freedom to spend their money as they see fit. >> greta: what do you see as something that's american people or the american government should or should not do on gun control? >> there ought to be reasonable restrictions on felons, people who are mentally disturbed. one of the things that worries me about this is that we seem to pay attention to the people who are not the source of the problem and ignore dealing with the problem. we know this -- cities like chicago with very strict gun control laws don't have less crime than the communities surrounding them and we also know that as ownership of firearms has expanded in our country the country has -- the crime has declined. the famous socioologyist, he had written an article pointing out in our rush to worry about firearms getting in the hands of people who shouldn't have them, we also were likely to step on the rights of people who had every right in the world to get them and his point was between half a million and two million instances a year a firea

a law stopping the payroll taxes from going into the general fund. sometimes those guys just every pass. mark says the age for social security needs to be raised. that is the only way to solve it. finally, the lunchbox cops are targeting fried foods. cafeterias will no longer serve 100,000 workers fried chicken, concise, fried fish, and help these workers cope, the usda has hired a full-time dietitian on site. of course, we were paying for it is taxpayers. here is the best part. this whole plan is only for a few buildings. if workers want some french fries, they just have to walk a block to the energy department where the french writers are still bubbling. that is my "two cents more". that is all we have for tonight. we will see you back tomorrow. lou: good evening, everybody. the president today spending political capital by the bucket full. pushing hard for gun control. despite the fact that the murder rate in america has dropped to a 50 year low. he called for more and higher taxes, despite the fact federal spending is out of control. today, the dow jones industrial posted the is los

're not going to give any tax increases to the rich, but we're going to let the middle class and the poor pay more we're going to let unemployment insurance run out on people that can't find work. every tax loophole in the world, we're going to leave it in place and start examining things that seniors need. i mean, how do you explain that better? >> i don't think hogan is correct about this. the core of it they lost two seats in the senate. they were trying to talk about rape and abortion and that was a conserve tiff view. marco rubio is saying you need to take an immigration deal. and the republican tea party is saying no, it's not possible, it's amnesty. you're wrong. i don't think this is purely about tone. the republican party has to move to the left. karl rove thinks that, marc marco rubio thinks that. it's not guilty aboutish issues, like you just said. when you look at, hogan, the war on women and the legislation they passed in certain states against women's right to choose, it wasn't that women were objecting to the tone, they were objecting to the policy. when you look at they're clo

by their tax return this year. >>> not just (woman) 3 days of walking to give a break cancer survivor a lifetime-- that's definitely a fair trade. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful (woman) why walk 60 miles in the boldest breast cancer event in history? because your efforts help komen serve millions of women and men facing breast cancer every year. visit the3day.org to register or to request more information today. it was 3 days of pure joy. ♪ and it's beautiful >>> megan mcgrath is live outside and spotting flakes from this had live picture. we have an update in a few minutes. >>> also today, keeping close tabs on the labor department. it will release its january jobs report this morning. today is february 1st, of course. economists expect the unemployment rate to remain at 7.8 for a third straight month according to the research firm fact set. they believe the economy added about 155,000 jobs last month. it averaged about 150,000 per month for the past two years. >>> it appears the obama administration is ready to make a more active role in t

. with coverage checker, it's easy to find your perfect policy. visit progressive.com today. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> new york, the people have given me so much -- on my gravestone, i say i fiercely love the people of the city of new york. >> and the people of new york fiercely loved him back. that was the city's three-term mayor ed koch speaking to piers morgan less than one month ago. he passed away in the city he so fiercely loved, he was 88. known as mr. new york, koch was credited with giving the big apple its mojo back. he won his first term as mayor in 1977. when he ran for reelection, he was so popular both parties nominated him. he won a third race. he once said he wanted to be mayor for life. >>> now, in a touch of irony, his death coincided with the release of a new film about his life called "koch." watch this. >> he created a second life for himself. he's been a political force. he still enjoys the battle. >> people would say, oh, you must run

. answers. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> big shake-up in the senate in 2014. geraldo in, scott brown out. the big panel's got it all covered for you tonight here on "the ed show." >>> and the unbelievable story of how nasa handled the space shuttle columbia. on the tenth anniversary of the disaster, a former shuttle program manager blogged his reflections. stay with us. because what you have heard about it really is unbelievable. don't forget, you can listen to my radio show on sirius xm radio channel 127 monday through friday, noon to 3:00. share your thoughts with us on facebook and on twitter using the hash tag edshow. we're coming right back. there'. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours.

evening and happy mardi gras. >> he's still recovering. >> health care, taxes, the economy. >> that takes time to explain to people. >> the republican party just isn't there. >> washington has to deal with its spending problem. >> that may take more than one election cycle. >> i've had enough of it. it's time to act. >> get used to this new word. >> the sequester. >> the sequester. >> the sequester. >> i don't like the sequester. >> something so terrible. >> dogs and cats living together, mass hysteria! >> slow down. >> we've got immigration, gun control, electoral changes. >> it's time for them to exert a little leadership. >> we have to identify our principles. that takes time to explain to people. >> i've had enough of it. it's time to act. >>> john boehner announced today that marco rubio will deliver the republican response to president obama's state of the union address on tuesday. rubio aides are busy trying to spread the nonsense that he will write his own speech. senator rubio did an interview with buzz feed last night while drinking beer, a necessary proof to political reporters

later, the president of women tribe worldwide tax about the state of women's rights. " washington journal host: good morning. we will learn more about immigration with the judiciary committee. the senate could work this week on the chuck hagel nomination. the question remains whether or not republicans will block the nomination with a filibuster. the president traveling to push for slacker gun laws. with the nation focusing on the super bowl, we want to turn to washington's role on regulating the nfl. we will use super bowl sunday to talk about government regulations when it comes to the issue of steroids or head injuries. the phone lines are open. let's begin with a look at some of the headlines courtesy of the museum. from "the san francisco chronicle" -- from "the baltimore sun" -- let's turn to the politics and policy behind the nfl. this is a story a few days ago from "the washington post." outlining a plan and a letter to the executive director of the players union. they agreed as part of a 2011 collective bargaining agreement that the players should be tested for hgh, but t

that involves raising taxes, borrowing more money for increased stimulus spending -- what the calls investments -- because republicans are unwilling to accede to his wishes. economy remains poor. that is what they say. republicans say just the opposite. they say because the president will not reduce taxes, because he will not cut government spending that is why the economy is poor and shouting continues. >> thank you for that update. [ laughter ] >> nice to see you. >> the president's healthcare law was supposed to make it more affordable but a glitch, so called glitch in the system could price many families out of healthcare. how did it happen? dr. mark siegle has answers for us. a fiery meeting as a new look what americans are saying about the government versus personal freedom. >> when angry people get together, this new york area. >> obviously -- assault weapons -- >> what is the penalty if you do not register. there are a lot of people setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two al

.8%. >>> republicans say the latest offer is nothing new and means higher taxes. the president believes the cuts would hurt the economy and he's willing to settle for a short-term fix. >> if congress can't act immediately on a bigger package, if they can't get a bigger package done by the time the sequester is scheduled to go into effect, then i believe they should at least pass a smaller package of spending cuts and tax reforms that would delay the economic damaging effects of the sequester for faw more months until congress finds a way. >>> cbs political news director john dickerson. john, good morning. another deadline in washington, another proposal for a short-term fix without any specifics about how to do it and thousands of people facing job loss. is this about the president trying to gain the political upper hand? >> you sound tired of these skirmishes, norah. they've been going on for about two years. this is chapter 87 in a very dreary book. this is about both sides trying to gain leverage in this latest fight. what the president is trying to do what the republicans are try dochlgt put your

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